News Now Headlines--02/09/2010

News Now LiveWire

The Golden 1 CU, Sacramento, takes mega-banks to task with billboard ad campaign. Wed NN. 3 hours ago

THe U.S. House Majority Leader has announced there are no votes expected in the House this week. 6 hours ago

Vote for 2010 ICU Day Theme. http://www.cuna.org/icuday 8 hours ago

The federal government is closed today due to continuing snow. CUNA's Washington office is closed. Its Madison, Wis., office remains open. 8 hours ago

CUNA quoted in Wash. Post article on CU biz lending, "Credit unions seek larger share of business loans" http://tinyurl.com/yhtz33z 11 hours ago

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February 9, 2010

CUNA's ire on behalf of credit unions when a recent Obama administration plan proposed to funnel $30 billion into community banks for business lending--but do nothing for credit unions—was highlighted in Monday's "People" section of American Banker.

More than 50 credit unions that walked away from a $60 million settlement offered by Heartland Payment Systems to Visa card issuers for the losses they incurred during a massive data breach are pursuing additional litigation.

CUNA and the Consumer Federation of America postponed until today the release of its new study on the level of consumer awareness of protections offered by new credit card statutory requirements.

Prominent newspapers and a news service--the Los Angeles Times and the Associated Press via the The New York Times-- featured articles this weekend with advice about switching credit cards and checking accounts to credit unions.

Eight Michigan credit unions have achieved "stunning results" through their Save to Win contest, which promotes member savings, The Washington Post said Sunday.

As the Minnesota Legislature kicked off its 2010 session Thursday, State Rep. Debra Hilstrom (DFL-Brooklyn Center) and Kermit Fruechte of the Minnesota Attorney General's Office, met with credit union professionals and volunteers to discuss the details of mortgage mediation legislation.

The loss of 20,000 jobs in January--more than expected-- indicates a slow recovery, and consumers are starting to realize that the economic recovery isn't a typical one, CUNA senior economist Mike Schenk told Investor's Business Daily's Investor.com Friday.

Consumers overall--credit union members included--borrowed less in December, according to Federal Reserve's consumer credit report released Friday.

An historic snowstorm that dumped 36" at one local airport over 36 hours forced the federal government to close offices Monday and again today, and local jurisdictions have urged residents not to travel due to treacherous road conditions.



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	News Now LiveWire The Golden 1 CU, Sacramento, takes mega-banks to task with billboard ad campaign. Wed NN. 3 hours ago THe U.S. House Majority Leader has announced there are no votes expected in the House this week. 6 hours ago Vote for 2010 ICU Day Theme. http://www.cuna.org/icuday 8 hours ago The federal government is closed today due to continuing snow. CUNA's Washington office is closed. Its Madison, Wis., office remains open. 8 hours ago CUNA quoted in Wash. Post article on CU biz lending, "Credit unions seek larger share of business loans" http://tinyurl.com/yhtz33z 11 hours ago Sign up; more tweets... February 9, 2010 CUNA ire on administration's plan noted in American Banker Washington CUNA's ire on behalf of credit unions when a recent Obama administration plan proposed to funnel $30 billion into community banks for business lending--but do nothing for credit unions—was highlighted in Monday's "People" section of American Banker. Some CUs walking away from Visa/Heartland settlement CU/System More than 50 credit unions that walked away from a $60 million settlement offered by Heartland Payment Systems to Visa card issuers for the losses they incurred during a massive data breach are pursuing additional litigation. Consumer card awareness study revealed by CFA/CUNA today Washington CUNA and the Consumer Federation of America postponed until today the release of its new study on the level of consumer awareness of protections offered by new credit card statutory requirements. L.A. Times and AP offer advice on switch to CUs CU/System Prominent newspapers and a news service--the Los Angeles Times and the Associated Press via the The New York Times-- featured articles this weekend with advice about switching credit cards and checking accounts to credit unions. Wash. Post: Save to Win produces 'stunning results' CU/System Eight Michigan credit unions have achieved "stunning results" through their Save to Win contest, which promotes member savings, The Washington Post said Sunday. Minn. officials, CUs discuss foreclosure legislation CU/System As the Minnesota Legislature kicked off its 2010 session Thursday, State Rep. Debra Hilstrom (DFL-Brooklyn Center) and Kermit Fruechte of the Minnesota Attorney General's Office, met with credit union professionals and volunteers to discuss the details of mortgage mediation legislation. CUNA: People realizing recovery 'not typical' Market The loss of 20,000 jobs in January--more than expected-- indicates a slow recovery, and consumers are starting to realize that the economic recovery isn't a typical one, CUNA senior economist Mike Schenk told Investor's Business Daily's Investor.com Friday. Fewer members, consumers used credit in December Market Consumers overall--credit union members included--borrowed less in December, according to Federal Reserve's consumer credit report released Friday. Snow closes federal offices; CUNA Washington Washington An historic snowstorm that dumped 36" at one local airport over 36 hours forced the federal government to close offices Monday and again today, and local jurisdictions have urged residents not to travel due to treacherous road conditions.
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